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Business, 09.10.2021 15:40 leximae5391

Jerry, a general contractor by trade, is a tenant of Montgomery Apartments. In exchange for four months rent ($900/month), Jerry provided the following items and services for Paul, the owner of the apartments: Paint and miscellaneous supplies for the apartments $ 700 Labor for painting and miscellaneous repairs 1,000 Labor and supplies for paving the apartment parking area 1,900 How should Paul treat this transaction on his Schedule E

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Jerry, a general contractor by trade, is a tenant of Montgomery Apartments. In exchange for four mon...
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